A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

Question

2 years ago

9

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

l. One example is a commercial bank, which takes in demand deposits and then uses that money to make long-term mortgage loans. True False

Business

1 answer:

Alex17521 [72] · Answer 1 · 2023-04-27T04:31:33+03:00

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.